♪ >> apple sticks out like a soar -- sore thumb. the stock tanking even though they had record sales. monster gains on tremendous

volume, netflix, the best day in a decade. the "countdown to closinging" starts right now. talking to heavy hitters including two prominent leaders. beginning with the ceo of coke coca-cola, he has got a lot of interesting things to say about branding campaigns, water, a big priority for him, and the prognosis at merck. one on one with the chief executive, but, first, to these markets, stock giving up begins. selling picked up, really, in the last couple hours, dow up 44 points right now, but we still, at this point, still, are up for the 10th day in the past 11 sessions on the dow. nasdaq, a different story, nasdaq, certainly an issue, apple, a big piece of that, and s&p breaking 1500 for the first

time since december of 2007, but s&p not able to really hold on and keep above that 1500 mark. we'll talk about that. apple down 10%, the biggest loser on the nasdaq. revenue falls more than 20% missing estimates. margins a concern. iphone5 not quite what it what was crackedded up to be. what a story. you got netflix. check it out. the stock up 40% now. beating top and bottom line the first quarter, subscribers topping expectations, and the shorts running for the hills. can't fight the tape or this stock today anyway. netflix tearing it up, fading fast, a hit in the past two hours of the session, but the dow, still, again, we're still in the plus column, and just

about 400 points away from the october 2007 all-time highs. a lot of big numbers to watch. right to the floor show. traders standing by at the new york stock exchange, and cme, and i want to go to the new york stock exchange, and i know there's a focus here on the dow, but the s&p in that 1500 mark, not able to stay technically above that line. what do you say? >> don't get too greedy here. there was a nice swing in the market so far, and there's been many factors to it. earnings season helped, economic data is helping. we've had time. we got through the end of the year. weaver moving on now. yes, we talk about the date in february that will shift and evolve the markets, but everything's calmed down. not a lot of head lines from europe spooking us as traders, investors, and the market. right now, everything's smooth sailing, good and bad. good that the market keeps rising. bad, what is the next thing

that's really going to affect the markets? you saw the apple earnings. only really affecting the nasdaq. everything elfs is strong enough to hold in itself. that shows how resilient the market is in the short period of time. try not to get too far ahead of ourselves because, clear ly, there's other things coming up on the calendar that can move our market. >> john, sorry, not to be a deb by downer here, there's a word of caution. one leader says the wrong word, and, boom, 200 points. we saw the song play out before. >> that's fine, but we lose 200 points, but we gained over a thousand points. we might take a step backwards, but we took many steps forward. that would be healthy, a little bit of shifting, rather than a one line straight up, give us a step. >> okay, daniel over at the cme, and i don't know if you're as bullish, but, certainly, again, going back to the 1500 level,

commodities moving. what's on your radar? >> as a matter of fact, i agree with what john said. in addition to that, china is seemingly getting better. the news from europe has been better, and i think yuan is a past issue. overall, not surprised to see a pull back in the market, but it's not a big deal. there's a lot of run here and profit taking, but a lot of things going for us, the economy, employment, housing in particular, and, actually, don't forget the fact there's a little taunt between the congress and president right now as far as the debt ceiling goes. >> what's that do to economic growth. i mean, many economists say, you know, the debt ceiling debate, no matter what the fiscal cliff deal, take your pick, is going to shave half a percent of gdp in the first quarter of 2013. >> you know what, this is going to sound terrible, i don't put faith in what economists said. over the past two years, going into two double dip recessions. never came about. they don't have a handle on

what's going on. investor and consumer confidence is better than anticipated. we'll do well. >> washington, we need tome -- to keep it going. a lot happening now in the oil market, especially with wti, michael, and in particular, the seaway, unclogging, if you will, of crude supplies another inventory build on our hands do you think? >> you know, tell you what, cheryl, i was with traders over the week, and we had customers on a ski trip in colorado, sat down, and talk about things, and, you know, the market, and the other two talking about this, there's confidence going forward, the markets going higher, commodity prices higher, following the leader type of thing. look at the supply and demand situation in crude, it's keeping our market from blasting up over $100 a barrel. we had a dollar-50 range today, settled at $96. that's a good price, but it drifts higher. we get above $97, might get

stops, but yesterday's high, a went kind of came off. as long as the stocks and everything is positive, you know, the supply situation, you know, there's a lot of oil out there. seems like the market wants to trade higher. i would be a cautious long. cheryl: see what happens with the pipeline. gentlemen, thanks for all r you on the floor show. appreciate it. >> thank you. cheryl: president obama announcing nominations to head the securities commission and the consumer financial protection bureau just a short time ago. peter barnes monitoring that occupant of washington for us. peter? >> that's right. a new and old name. the president selecting former u.s. attorney mary jo white to be the head of the securities and exchange commissioner, the first federal probation report to hold the position of chairman of the fcc. she has a reputation of having very stuff. formally was the u.s. attorney for the southern district of manhattan which includes wall

street, but she didn't do a lot of financial crime prosecution investigations there. she was known more for her work fighting the mob and fighting terrorism. for example, her team is the one that timely put john goddy behind bars, took the teflon and prosecutorred the 1993 bombers, and she's now a white collar defense attorney with clients of former bank of america ken louis for example, and the president talk about her reputation for being tough. take a listen. >> in the early 1990s, she brought down john gotti, head of the gambino crime syndicate and brought down the terrorists responsible for bombing the world trade center and the american embassies in africa. i'd say that's a good run. you don't want to mess with mary jo. >> the other nomination today

was a re-nomination, richard cordray to run the consumer protection bureau, the consumer watchdog that came out of the dodd-frank financial reform legislation. as you recall, the president tried to get cordray confirmed by the senate in 20 # 11, but the nomination was blocked by republicans who opposed the structure of the cfpb. the president reappointedded him last january and trying to now make that a permanent assignment for him. we'll see if he gets it through this time. republicans appear to have the same issue with the structure. we'll see how it plays out. cheryl? cheryl: plan to report on that. peter, thank you. >> you bet. cheryl: closing bell will ring, 52 minutes to go. southwest airlines, quarterly earnings topping analysts' estimates. bookings not too shabby with a

52-week high. the business traveler coming back? a conversation with gary kelly is next. plus, liz claman on the scene in switzerland, liz? >> it's in full swing, and we are too on fox business. coming up on this hour of "countdown to the closing bell" heavy hitters from coca-cola ceo to the ceo of merck, and the ceo of cisco giving his 2013 outlook. that's all coming up here on fox business. ♪ twins. i didn't see them coming.

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>> one bad apple is with a bunch of suppliers. on the floor with what you call the apple trickle down effect, and we knew we would see this today, nicole. >> that's right. there's cause and effect. start off with apple, the company. quarterly reports, and record sales for iphone and ipads, they really were disappointed. all the brokers are cutting their targets. you see the stock is down nearly

12%, and the question is whether or not apple, itself, is out of favor, lost its cool, ect.. stocks at 453 from 700 in september. that brings you to the suppliers; right? what goes into making the iphone, the ipad, the ipods? here's names that supply app 8 for those great things, and here's a look. logic, qualcom, broadcom, all to the downside, logic down 10% itself so having an extremely tough day. obviously, with the idea that there's not going to be as many apple -- as much demand for apple products affecting the suppliers in particular. back to you. >> all right, nicole, thank you very much. talk to you soon as we are now 46 minutes away from the close. well, somewhere in your portfolio or 401(k), you own a farm of stocks. one of the largest says the number one thing option list no matter how affordable health care is, big spending on

research and development, liz claman with the ceo of the company at the world economic forum in davos, switzerland. >> if i were to tell you that you could get the glory of creating a life saving drug, but it would take you a minimum of 15 years and a billion dollars, would you still do it? the people at merck do it every single day. i'm joined now by the chairman, president, and ceo, ken fri -- frazier. you like that intro. >> i did, it describes what we're all about. >> whether the health care act crimps innovation and the generic picture snapping what you worked hard to make. do you have and antidepressant dote to -- antedote to let viewers know what it takes to develop a drug? >> absolutely. there's a number of them. what i think about to share with

the viewers is a drug off patent is singular. they worked on that molecule for more than 20 years before it reached the market. it was an incredibly important innovation, and among other things, it was a pill useful for children who need a mild, but effective drug. >> that was -- is a block buster drug for you, $5 billion in sales; correct? >> right, but it's off pa tent now in the united states. >> what do you do to replace that, fill that void in the pipeline sh >> well, the nature of our business is that you either innovate or you become extinct, and so for us, it's really about the new drugs coming along to take its place. for example, we have a franchise in diabetes now. the leading drug, and it's a fabulous drug, controls blood sugar, but, again, it's differentiated from the prior generic drug because it does not

cause weight gain, important to those on the medicine for a long time. >> one the diseases that affects our nation and costs so much the the cost of everything, people wonder about the drug cost structure. how do bring it down just a bit. does the affordable health care act do that in a way that you can also live with it? >> well, we had to give additional reacts to make the affordable care act work, and that's a tradeoff that's worth it. now more americans have access to really good health coverage so we'll take that tradeoff any day. >> you are part of the a panel here called smart regulation, and, in fact, it's one of the panels, there are not many, that you really understand the actual title. not so arcane and detail, but what is smart regulation? >> regulation at avoiding risk, but not so much that it impedes innovation. in our country, we had issues with the compounding of drugs and people got terribly sick. we don't want a world in which

patients guess whether the medicines are safe. we need a strong fda. at the same time, we want to avoid excess legislation driving up cost and things of that nature. >> what country does it best >> >> the fda is the gold standard. we, americans, complain it's not perfect, but we have the overall best food and drug regulators in the world. >> who is second? >> i would say japan is a close second. >> okay. >> in fact, frankly, we get drugs approved faster in japan than in the united states. >> you talked about singulair, is there a drug that's the next block buster to you or on the way? >> there's three, quickly. we have a drug now in late stage development for alzheimer's, and now know that cost our society $200 billion. the al him -- alzheimer's society says by 2050, it's a trillion dollars.

there's a drug that tests the dominant hypothesis to interrupt the disease process and we have high hopes for that. >> uh-huh. boy, you don't sound like a death penalty lawyer. you were a death penalty lawyer before you got here. >> that's right. >> what was that like? >> i see similarities. people who do that work are committed to the fellow human beings, it's mission driven, and merck is mission driven. >> how did you get from that to merck? >> i worked for a firm that represented merck at the time, and i was hired, and that's how i got to merck. >> you know, i look at the fact you are a lawyer by trade. what surprises you most about the pharmaceutical industry? >> well, i would say what surprises me most about the pharmaceutical industry is just the level of dedication of the people. you talked about the long lead times that you have in development, and we have

researchers, as you know, who started projects when they had infants, and those projects come to fruition when children go to college. >> extreme dedication, and, yet, people still feel the pharmaceutical industry can bring down the price of pills. in a recession, studies show people break in pills to make them last. you know about that. that's sad in a way. anything we can do to change that? >> well, i think it's our obligation to price new medicines in accordance with the value they create. i recognize we have to do things to ensure people who can't afford them get them. we have things like patient assistance programs, but we have to recognize the impact of innovation on society. it is a huge thing when you have cancer parties who no longer have to take chemotheir, but they can take a pill. >> chairman and ceo and president of merck, and, yeah, 15 years, ready to work 15 years to make what your dream is come

to fruition? watching closely. thank you. >> thank you for having me. >> back to you in new york. cheryl: thank you. closing bell ringing in exactly 40 minutes from now. it is cisco's system on the global economy. the chief executive weighing in on the u.s., europe, and asia from the economic forum on fox business weighs on. ♪ tdd#: 1-800-345-2550 when i'm trading, i'm totally focused.

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♪ cheryl: liz claman talking to the biggest names in business in davos, and this morning, sat down with the chairman, john chambers and asked how the global economy is fairing and what's he's hearing from fellow

business leer: take a listen. >> i'm a little bit more optimistic than my counterparts. when you talk to the peers here at davos, they say the most optimistic davos in five years. no back flips, but it's improving. europe is beginning to bottom out, watch for one or two more quarters before we say that. tough numbers overall, but there's improvement. the u.s. is stronger than people think, even though most people feel that the u.s. economy grows 2% this next year. i would be more positive than that looking out over the year, i think a lot of people think that will not happen. cheryl: steve cohen in davos at

the world economic forum, but in stand jfn ford, connecticut scrambling for row depletions. there's an fcc investigation into the company, and what are they saying. what do you think knows? the man next to me now, charlie. >> you know, it's funny that, you know, when people heard the story, doing it, they think i'm burying the lead. the big story here is that steve cohen is in davos. cheryl: raising money? shaking hands? >> good point. as we know, as we were first to report, they are expecting massive redemptions amid the investigations as well as the criminal probe into the fund managers where cohen was involved, though, it's unclear whether he knew inside information was passed around. that's what's going on. it's clear that the government wants to make a case criminal and civil against cohen, and fcc capital. here's what they are saying, particularly about the civil case. the civil case resulted in a

wells notice saying the staff intends to charge the target. the target here is sac, and if they settle, it's going to be a big fine, and they are telling investors, and the questions come up rapidly and a lot as that redemption date where people can pull money at approaches. i think it's february 15th. saying, listen, we are cooperating. we have responded to their wells notice. they are saying that they are not in settlement negotiations, not yet. they have responded. cheryl: that would be premature, wouldn't it, charlie? >> no, no. cheryl: no? >> not -- maybe, but not quite. what investors say is they get the indication from the sec is that sec is prepared to settle this, essentially to pay a big fine and move on, at least with this portion of the case, and at least that's bantied about in the meetings that there's a settlement, settlement's likely to be a fine. sec toll investors, thattings

you know, if they do fine and that -- and whatever costs associated with this, sometimes the fcc if you have insider trading, they pull back the insider gains. cheryl: claw backs. >> they will cover it. the sec capital will indemnify investors. there's a lot of discussions going on. i don't know how much will be redeemed. journal said a billion. my report, fairly massive. i don't know how you say "billion," just add up, i guess, some of the firms that sent money to them and have a billion like c iring's -- citi group, and i guess it could be $2 billion. cheryl: because -- >> well, the fcc wouldn't say it. cheryl: cohen, successful years, money made, so, of course, he's done something wrong. >> i know him pretty well.

he's obviously not a big fan of mine because i keep reporting this stuff. i happen to like him, and i, you know, i appreciate the fact he's brilliant in a lot of ways, but here's where the regulators, the prosecutors at the u.s. attorney's office of the southern district, running the probe on the criminal side, and with the fcc is doing on the civil side. they'll say, listen, it is mathematically impossible to basically have the returns that he has, which is pretty steady returns that beat the market. you beat the market almost every year. you know, except for 2008 when you had the financial collapse. it's impossible to do that unless you're cheating. that's what they would say, and now, that said, they have not charged him. they have not charged the firm formally. wells noted the intent to charge. the full commission has to do something, and they charged hedge fund managers that used to work there, but, you know, like i said, it's not, you know, at

some point, put up or shut up, and, you know, they have not put up yet, and apparently, they are not shutting up either. cheryl: reportedded on it from the beginning. great stuff, of course, charlie. thank you very much. closing bell ringing in 2030 -- in 30 minutes from now. coca-cola, successful company since 1885. just yesterday, hear the ceo's the ceo's perspective. >> is he from there? cheryl: yeah. there's a few wrinkles right there. [laughter] we're going to have that interview coming up. liz claman's got the one-on-one with the coca-cola chairman ceo, the number one thing he thinks business needs to do to get things bubbling. you don't want to miss that one, right? >> talking about coke. [laughter] cheryl: oh, no. we're going to take a break now, because charlie's still talking. [laughter] we're going to head back to the world economic forum in davos,

switzerland, before we get in trouble. be right back. ♪ ♪

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♪ ♪ cheryl: welcome back, everybody. we are about 30 minutes away from the next big tech earnings report, microsoft. the company's first quarterly report since the october launch of windows 8. let's go to shibani joshi. first it was apple, and now we've got microsoft. >> and tech goes on, cheryl. yes, big mr. softie coming out after the close today. here are the numbers that analysts are expecting this company to meet, 75 cents per share on earnings per share on

revenues of $21.53 billion n. the last quarter the company made huge bets on software releasing the windows 8 operating system in october, also bets on the software and on the hardware as well with that surface tablet. the preliminary indications so far that we've gotten in that windows 8 sales have been sort, so we're going to want to listen for more details in terms of overall licenses and the numbers of copies that have been sold. that being said, wall street thinks that we're going to see stronger sales of windows 8 in the coming quarters as more pcs and devices come out that will showcase the windows 8. so a little bit of an asterisk there. we do think that we're going to see strength in consumer products including mobile phones and the xbox and the enterprise division should remain strong, so a little bit of this and that to counterbalance the other. but, of course, the operating system is the company's bread and butter, so that is what will matter most.

cheryl: steve balmer is on the hot seat, and we will see what happens, of course, after 4 p.m. eastern time. thank you. we're going to have coverage on microsoft, and you can't miss starbucks. both reports coming out in the 4 p.m. eastern time hour. don't miss "after the bell," you're going to have david asman and sandra smith covering those numbers for you. business survival, think about it. how many companies either failed or didn't even get off the ground since the financial crisis began? ive -- liz claman is in davos, switzerland with a man whose company has survived. liz: liz my next guest's company's facebook page has 57 million likes. who do you think that is? okay, it's coca-cola u and we are here with the president and ceo, muhtar kent. do you facebook? >> i don't, but i'm really proud that we do have now we've gone past the 57 million mark on

facebook, and, um, i think this is really what's fascinating about the world today, how it's changing so fast and the way that no longer are you only going to be communicating to your consumers, consumers communicate with each other and talk about your brand. and that is the key in how you actually shape motivation of consumers and how you shape your brand in a positive manner or, and how you succeed in this world today. liz: you've been coming since the '80s to davos to the world economic forum, but do you learn something each year about coca-cola itself? >> well, first you learn a lot about the world and how the world is changing and how business cannot alone solve some of the big challenges of the world, and governments can't. they're learning, and civil society can't, it's the golden triangle that needs to be formed closer, more lasting

collaboration between governments, civil society, ngos, universities, business to come together to solve some of the big societal problems whether it's unemployment or whether it's active, healthy lifestyles or whether it's health care or whether it's create -- how do you solve or solving the algebra for growth. liz: water. you are partnering with dean cayman on this slingshot water technology that turns, frankly, filthy water into potable drinking water. why are you spending so much time and effort in that? >> well, that's only a small piece of what we're doing with water. water is a very big issue in the world and will continue to become bigger because nobody treats water with dignity in the world. everybody thinks it's free, it's available. agriculture has a lot to improve in terms of practices in how they conserve water. we all have to conserve water

better way, treat it with more dignity and, therefore, coca-cola has been the first business in a way that has declared a goal of water neutrality by 2020. think of the amount of water that coca-cola uses, and then we have said by 2020 we are going to globally become water neutral. that means give back to the world every liter of water that we use -- liz: that you take. >> -- if your beverages and to make our beverages. liz: boy, we have a president who was reelected, we've got all kinds of tax changes, the payroll tax cut has been eliminated. we got through one part of the fiscal cliff, now we're looking at the debt ceiling. which one of those, to you as a business leader, matters the most, affects business the most? >> i think, um, what matters the most is providing clarity. clarity to business, clarity to the country at large. and that's what people want. every time there's a survey, you

see that they want clarity. and that's why i think it is so important to have a solution. liz: well, now you know you have clarity on the fact that people have the payroll tax back into their paychecks. >> sure. liz: are you seeing any effect on that where people have less money in their pockets, and maybe they're not buying coca-cola as much? >> well, i think generally speaking we still see great opportunities in the united states for our business in the coming decade and continuing on from there. we haven't seen an impact yet. it's too early to tell. liz: okay. >> but i would say this, um, i would say if we can have a solution -- which i believe we will -- for fiscal reform, if we can have a solution in the united states for tax reform to get a 21st century tax policy in place that we can all be proud of, if we can get immigration reform in place and if we can

also start having a solution for our infrastructure, infrastructure reform, i believe the united states, the future is so bright for the united states. liz: do you feel that president obama heading into the next four years has become more business-friendly, neutral, less? >> i would say i have, um, great hopes that the next four years are going to be better and good four years for the united states. liz: there has been a decline in consumptionover sugary sodas over the past decade, at least in the united states, and then you have certain riders, i mean -- certain leaders, i mean, president obama talked about it either instituting a federal tax on sodas or state governors who might be thinking let me just shake easy money from the beverage industry tree. by instituting some type of tax. what would you say to a governor who's thinking about doing something like that? >> i would say we cannot tax our way and solve this problem, any of these problems.

we can't tax and provide solutions. it has never provided solutions. we can only grow our way out of the current situation, and growth means coming together as business, as government to try and create the necessary platform so that business can continue to invest. we are, we have invested $10 billion in the united states in the last three years. we still see great opportunities in the united states. when you look at the top 15 brands in the business of nonalcoholic beverages in the united states, there's actually been growth in those top 15 brands in the united states. so brands are growing. maybe the industry is not growing as a whole, but the brands, key successful brands are growing, and by the way, in dollar value the industry's grown 3% in the last three years. liz: continuing waving the coca-cola flag, thank you very much. muhtar kent, the president and ceo of coke.

the old slogan was have a coke and a smile. >> thank you. liz: back to you in new york. cheryl: she always has a great smile. all right, coming up, don't miss more from davos, liz claman is talking to the president of costa rica and stanley fischer, all starting 4 p.m. eastern time. closing bell going to ring in 15 minutes. all right, coming up shares of southwest soaring to new highs despite fourth quarter numbers. chairman and ceo gary kelley going to be here at the break. plus, we're going to be following 737s, they like that plane, but what about the dreamliner? all coming up after the break. ♪

cheryl: all right. we have been following, of

course, all day long what is happening with shares of apple. the market cap sitting at about $424 billion, that is now well below exxonmobil's market cap. why is that significant? because at one point apple, obviously, was well above exxonmobil. so the fact that you've got the drop in apple stock today, and there's the chart on your screen, has added something to watch again. pressure after the earnings, iphone 5 revenues, we've been watching all of it. apple losing about 11% today. we are going to continue b to watch the stock as it trades, first day after apple reported its earnings. well, while safety regulators are busy figuring out what to do with the dreamliner, for the rest of the airline industry it's business as usual. southwest reported quarterly results this morning. earnings beat estimates, and revenue came in just shy. still, investors cheered on. they brought this stock to a 52-week high on the news. joining me now on the phone from dallas, gary kelly, southwest

airlines chairman, ceo and president to touch on earnings, air trend immigration and what's in store for the business overall. and, gary, thank you for being here. let's talk about the profit loss, and really it was about the fuel heads. that was one of the big problems there. that's something that southwest has always been so effective at. do you have a strategy to turn that around, gary? >> well, no, it was a really solid quarter. we, you know, we were right in line excluding the items with the year-ago number, and, you know, we ended up with a very solid profit increase for the year, so it's our 40th consecutive year of earnings, and, you know, our fuel hedge is pretty much a nonissue at this point. we have positioned out through 2016. those positions are all in the money. cheryl: uh-huh. >> and, you know, at this point our fuel hedge isn't really hurting us, it's not really helping us at least in 2012. but we've got nice protection in

place over the next several years if prices take a sharp increase from here. cheryl: well, one of the things that did happen on the revenue side, obviously, was fares up about $8 year-over-year. do you think that more fare increases are going to be in the cards for you as you continue to deal not just with maintenance costs, but again, with fuel, things like that? is that a possibility? >> well, cheryl, that's really -- you really put your finger on it, you know? the cost and primarily the increased fuel cost is the pressure that we're dealing with, and we're not hitting our earnings target. and that has caused fares to go up to cover that. now, our average fare was up about 5%, our passengers are flying a little bit longer distance which are higher fares, so that's part of that $8 change that you see year-over-year. but we're going to do everything we can to keep our costs low and keep our fares low and certainly strive to be lower than anybody else. but we've got a good year lined

up here in 2013. we've got a good year without having to depend on fare increases, and so, you know, i can't really tell you whether fares will change or not, but the good news is we have a lot of good things underway which are going to add a lot of good value and take some pressure off, quite frankly. cheryl: well, you know, gary, 57% of analysts right now have a buy on your stock, and there's actually been an increase in the analyst community in the ratings on your company. i do want to ask you about the issues over at boeing. southwest has been a faithful 737 buyer of those aircraft for, well, the entire history of the airline, frankly, 41 years. but the dreamliner, are you concerned at all about what's going on in the engineering department at boeing,? >> no. of course, boeing is one of the great companies of the world and have been our very good and really great partner from the very beginning at southwest airlines. we've had tremendous success in working with boeing, tremendous

success with the 737. so anytime you have a new airplane there are always some, you know, break-in type items that just have to be worked through, and, you know, to be honest with you i just don't know enough about what the issues are to speak intelligently about it. it is a completely different electrical system and battery system than what we have, so i just can't really add anything other than they're a great company, and i know they're working hard to fix it. cheryl: tbri kelly, southwest airlines ceo, chairman and president. thank you very much for being here. >> thank you so much, cheryl. cheryl: closing bell going to ring six minutes from now, and coming up tomorrow, it's the final day at davos. don't miss liz's interview with andrew liveris. and coming up after the break, i'm going to tell you the one stock today tahas taken a dip after a senior executive decided to split. ♪ twins. i didn't see them coming.

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♪ cheryl: underarmor announcing the resignation of senior vice president gene mccarthy. shares taking a fall after the news. intraday the stock is down a buck 79, almost 4%. things are brighter but the long-term outlook shares up 17% past year. a lot more earnings coming out "after the bell." we have them with david asman and sandra smith. david: you know what these tissues, cheryl. not because i have a cold. not because it is 11 degrees and because i own apple stock. everybody that owns apple stock is down $63 a sandra: we won't ask where you bought the shares. david: y c